Graystone Company Continues Expansion of Its Bitcoin Mining FORT LAUDERDALE, Fla., Jan. 27, 2022 /PRNewswire/ -- Graystone Company, Inc. (OTC: GYST) is pleased to announce updates about our continued expansion of its bitcoin mining operations. We have just secured the purchase of 9 additional machines. This brings the total number of units on order to 50. The units will begin to be installed in the coming weeks.
We started mining on September 15, 2021, we can't be more proud of the results. Since then, we have grown each month by thoroughly planning each equipment acquisition tranche. We are focused on being patient and growing our revenues and profits slow and steady for the long-term benefits of the company and its shareholders and building a strong foundation that can support our future expansion plans. We are currently planning on acquiring 8-20 machines per month for the next 6 months and then increasing our purchases to 20-30 machines per month. Executing on this plan will allow the company to be mining with up to 300 machines by the end of 2022. Additionally, our revenue will begin to increase as our mining hash-power increases as the new machines are being installed.
We are also excited to announce that we are planning to dedicate some of the equipment and space we have acquired to subleasing to 3rd party clients. This business model is attractive due to extremely high demand and profitability, and we see it as a great opportunity that can't be missed, because it will provide supplemental revenue in addition to mining BTC for ourselves. We are passionate about the emerging bitcoin mining industry, and we strongly believe in our vision we have for the future of our company, it is rewarding as we accomplish each milestone along our journey towards the building of this future.
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